{"id":543538,"date":"2022-02-07T03:44:10","date_gmt":"2022-02-07T03:44:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=543538"},"modified":"2025-12-15T20:19:10","modified_gmt":"2025-12-15T20:19:10","slug":"egypt-posts-investment-arm-acquires-20-of-state-sports-management-firm-estadat","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/egypt-posts-investment-arm-acquires-20-of-state-sports-management-firm-estadat\/","title":{"rendered":"Egypt Post\u2019s investment arm acquires 20% of state sports management firm Estadat"},"content":{"rendered":"<section id=\"543540\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"543540\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">What We're Tracking Today<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/this-morning-afcon-final-sees-pharaohs-lose-to-senegal-retail-portion-of-macro-groups-ipo-32x-oversubscribed-so-far\/\">\r\n                            THIS MORNING: AFCON final sees Pharaohs lose to Senegal + Retail portion of Macro Group\u2019s IPO 32x oversubscribed so far                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n               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                  <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-543540\" class=\"content-area-description single-story post-543540 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-abdel-fattah-el-sisi tag-central-bank-of-egypt tag-djibouti tag-energy tag-enterpriseam tag-foreign-reserves tag-inflation tag-ipo-watch tag-macro-group tag-russia tag-senegal tag-sports tag-ukraine tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>Good morning, nice people. <\/strong>We\u2019re still licking our wounds after the national team\u2019s loss in last night\u2019s Afcon final, so let\u2019s just get that out of the way up top, shall we?<\/p><p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>The Pharaohs walked away with silver medals <\/strong>after losing in a <a href=\"https:\/\/www.france24.com\/en\/live-news\/20220206-mane-scores-winning-kick-as-senegal-beat-egypt-in-cup-of-nations-final-shoot-out\">penalty shootout that went 4-2 to Senegal<\/a>, leaving much of the team in tears over the loss. The game was Egypt\u2019s fourth in a row to go into extra time. Neither team managed to get anything in the back of the net during play after Mohamed Salah\u2019s Liverpool teammate Sadio Mane missed an early penalty shot for Senegal. After defender Mohamed Abdelmonem and midfielder Mohanad Lasheen failed to land their spot-kicks, Mane netted his, bringing Senegal its first Afcon victory in history.<\/p><p><strong>The Pharaohs will get a chance at redemption \/ revenge <\/strong>in the final round of African qualifiers for the <strong>World Cup<\/strong> in the last week of March, which will see <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d9cb9d7e-0b1e-4ad7-91c0-3aea443642e1\">Egypt face Senegal<\/a> once again in a two-legged tie.<\/p><p><strong>CORRECTION-<\/strong> We incorrectly stated in yesterday\u2019s EnterpriseAM that the last time Egypt reached an Afcon final was in 2010. The Pharaohs of course made it through to the final in 2017, where they lost 2-1 to Cameroon. We have since updated <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/80642b53-f79d-4cfb-ba08-0bb58fa5797a\">the story<\/a> on our website.<\/p><p><strong>MARKET WATCH-<\/strong><\/p><p><strong>The latest FX reserves figures are out:<\/strong> Egypt\u2019s net foreign reserves were stable at USD 40.98 bn in January against <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/90836db8-d371-4eee-9acd-fa1eccae4c96\">USD 40.93 bn in December<\/a>, according to <a href=\"https:\/\/www.cbe.org.eg\/en\/Pages\/HighlightsPages\/NIR-January-2022.aspx\">central bank data<\/a> out yesterday.<\/p><p><strong>The retail component of Macro Group\u2019s IPO was 32x oversubscribed at the close of <\/strong><strong>yesterday\u2019s trading session. <\/strong>The subscription period closes at the end of tomorrow\u2019s session, <a href=\"https:\/\/bit.ly\/3slHtRZ\">Al Borsa<\/a> reports, citing Macro co-founder and chairman Ahmed El Nayeb. The company <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/18e68f20-0bbf-4f69-afae-028e84e5bb77\">wrapped up<\/a> its private placement to institutional investors, which was 1.8x oversubscribed, last Wednesday, and is expected to start trading shares <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bd9f812d-ac62-41f1-956a-9674969d26cd\">\u201con or around\u201d<\/a> this Thursday under the stock ticker MCRO.CA.<\/p><p><strong>Refresher:<\/strong> Shareholders are offering up to 45.8% of the company (c. 264.5 mn shares) for sale, with 95% (c. 251.3 mn shares) earmarked for institutional investors and 5% (c. 13.2 mn shares) are available in the retail offering.<\/p><p><strong>HAPPENING TODAY-<\/strong><\/p><p><strong>Djiboutian President Ismail Omar Guelleh will meet with President Abdel Fattah El <\/strong><strong>Sisi today <\/strong>for bilateral talks, according to an Ittihadiya <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/500449661443767\">statement<\/a>.<\/p><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br>\n        <\/h4>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/p><\/div>\n<\/div>\n<\/div><p><strong>THE BIG STORY ABROAD- You guessed it \u2014 it\u2019s still Ukraine. <\/strong>French President Emmanuel Macron will try to get Russia to dial down tensions when he visits Moscow for talks with Vladimir Putin today, before flying on to Kyiv to meet Ukrainian leaders on Tuesday. Meanwhile, the US is still insisting that Russia could invade Ukraine \u201cany day,\u201d a view that Russia says is alarmist \u2014- one point on which it appears to be in agreement with Ukraine. The US and some NATO allies are pumping weapons into Ukraine via an air bridge just in case. The <a href=\"https:\/\/www.wsj.com\/articles\/u-s-led-air-bridge-of-weapons-to-ukraine-seeks-to-shore-up-kyivs-ability-to-resist-russia-11644140852?mod=hp_lead_pos3\">Wall Street Journal<\/a>, <a href=\"https:\/\/www.reuters.com\/world\/europe\/frances-macron-flies-moscow-high-risk-diplomatic-mission-2022-02-06\/\">Reuters<\/a>, <a href=\"https:\/\/www.reuters.com\/world\/europe\/frances-macron-flies-moscow-high-risk-diplomatic-mission-2022-02-06\/\">Bloomberg<\/a>, the <a href=\"https:\/\/www.washingtonpost.com\/world\/2022\/02\/06\/ukraine-russia-military-putin\/\">Washington Post<\/a>, the <a href=\"https:\/\/www.washingtonpost.com\/world\/2022\/02\/06\/ukraine-russia-military-putin\/\">New York Times<\/a> and the <a href=\"https:\/\/www.washingtonpost.com\/world\/2022\/02\/06\/ukraine-russia-military-putin\/\">Associated Press<\/a> are, as usual, all carrying the latest developments.<\/p><p><strong>Meanwhile, re: Europe\u2019s looming energy crisis:<\/strong> The EU is putting contingency plans in place in the event that it loses gas supply from Russia amid a relationship breakdown over Ukraine, the <a href=\"https:\/\/www.ft.com\/content\/907c85e0-7cbe-4eea-a725-db601895a84e\">Financial Times<\/a> reports. That could mean intervening on prices and trying to secure fresh supplies from big producers \u2014 something US President Joe Biden has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8cd88233-3cf6-413e-aaa4-87550c7785ac\">already been attempting<\/a>, apparently without much success. Rolling blackouts and emergency rationing could be in Europe\u2019s future if Moscow shut off supply to Europe entirely, according to some analysts.<\/p><p><strong>INFLATION WATCH-<\/strong><\/p><p><strong>Food prices are getting out of control:<\/strong> Global food prices rose closer to record highs in February as supply chain disruptions, rising energy prices, poor weather and labor shortages push the world closer to a food crisis. <a href=\"https:\/\/www.fao.org\/worldfoodsituation\/foodpricesindex\/en\/\">F<\/a><a href=\"https:\/\/www.fao.org\/worldfoodsituation\/foodpricesindex\/en\/\">igures<\/a> released Thursday by the UN Food and Agriculture Organization showed that February food prices were only slightly below their all-time high set in February 2011. It isn\u2019t \u201cmuch of an exaggeration\u201d to suggest that the world is heading for a global crisis, Maurice Obstfeld, a senior fellow at the Peterson Institute and former IMF chief economist, told the <a href=\"https:\/\/www.nytimes.com\/2022\/02\/03\/business\/economy\/food-prices-inflation-world.html\">New York Times<\/a>. High unemployment, slowing growth and weak post-covid public finances have produced \u201ca perfect storm of adverse circumstances,\u201d he said.<\/p><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p><strong>Inflation figures are due out this Thursday, 10 February.<\/strong> Annual urban inflation rose to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e8bb1d8d-f765-4ef6-bccb-73f889b098b1\">5.9%<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e8bb1d8d-f765-4ef6-bccb-73f889b098b1\">in December<\/a> from 5.6% in November. Prices are expected to continue to rise in the short term due to an unfavorable base effect along with a global increase in consumer prices \u2014 but look set to stay within the central bank\u2019s target range of 7% (\u00b12%) by 4Q2022. The Central Bank of Egypt expects price stability in the medium term, it said last week <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d2842659-e6ac-47ab-ba44-3132fd174c2a\">following its monetary policy committee meeting<\/a>. The government\u2019s fuel pricing committee\u2019s decision to raise fuel prices over the weekend is expected to have only a limited impact on inflation, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fee97989-84a3-4a9c-9ceb-ed67e0f1d174\">analysts said<\/a>.<\/p><p><strong>The Finance Ministry <\/strong><strong>is holding<\/strong><strong> a public consultation on <\/strong><strong>Thursday, 10 February <\/strong><strong>at 5pm CLT<\/strong><strong> to discuss the <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/79d7e611-1ab6-488a-a236-2fc863fa1576\">draft budget<\/a><\/strong><strong> for next fiscal year<\/strong>, <a href=\"https:\/\/bit.ly\/3rtXaan\">Al Mal<\/a> quoted Finance Minister Mohamed Maait as saying. Eight groups representing a cross-section of society are set to weigh in on the FY2022-23 budget, while the ministry is also calling on business associations to participate in the dialogue. The draft bill will go to the House of Representatives for discussion and approval following the public consultations.<\/p><p><strong>TOMORROW is your last day to apply-<\/strong> Women can now apply to join <a href=\"https:\/\/eg.usembassy.gov\/education-culture\/exchange-opportunities\/\">Fortune Global<\/a><a href=\"https:\/\/eg.usembassy.gov\/education-culture\/exchange-opportunities\/\"><\/a><a href=\"https:\/\/eg.usembassy.gov\/education-culture\/exchange-opportunities\/\">Women's Mentoring Program<\/a> which will take place from 8-28 May 2022. The program aims to bring emerging women leaders from around the world to the US to meet and learn from the Fortune Most Powerful Women community, which includes executive women mentors from companies such as Accenture, Johnson &amp; Johnson, and Aetna. The deadline to apply for the program is 8 February. You can begin your application by <a href=\"https:\/\/usembassycairo.submittable.com\/submit\/1048ec7c-7e08-4d86-b814-f54772c6910b\/2022-fortune-global-womens-mentoring-program-deadline-tuesday-february-8-at\">signing up here<\/a> via our friends at the US Embassy in Egypt.<\/p><p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/11\/CIRA-Blackboard-Banner-B.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. Blackboard appears every Monday in Enterprise in the place of our traditional industry news roundups.<\/p><p><strong>In today\u2019s issue:<\/strong> Education management companies are growing rapidly in Egypt, in both their number and scope, as we explored last week. Today, we look at the factors driving that growth. Key among the top benefits of education management companies is their ability to tap into know-how, access to capital, resources and high-caliber employees, which makes them well positioned to meet the growing demand for private and international education. And for a growing number of operators, they\u2019re also highly cost-effective vehicles for geographic expansion.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/djibouti\/\">Djibouti<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-reserves\/\">foreign reserves<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/macro-group\/\">Macro Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/senegal\/\">Senegal<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ukraine\/\">Ukraine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"543541\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"543541\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/543541\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-543541\" class=\"content-area-description single-story post-543541 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/somabay.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/1600px-W-x-1200px-H-post-03-1.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n<p>Discover natural treasures above and below the sea where turquoise waters reign supreme. Somabay: So magical, everyday.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"543542\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"543542\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/egypt-post-enters-the-sports-market\/\">\r\n                            Egypt Post enters the sports market                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/egypt-post-enters-the-sports-market\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/egypt-post-enters-the-sports-market\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/egypt-post-enters-the-sports-market\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt Post enters the sports market&url=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/egypt-post-enters-the-sports-market\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/egypt-post-enters-the-sports-market\/&title=Egypt Post enters the sports market\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+Post+enters+the+sports+market+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F02%2F07%2Fegypt-post-enters-the-sports-market%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/egypt-post-enters-the-sports-market\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/75.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"543543\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/egypt-post-enters-the-sports-market\/75-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/75.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"75.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/75.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/75.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-543542\" class=\"content-area-description single-story post-543542 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-al-ahly-pharos tag-egypt-post tag-enterpriseam tag-ma-watch tag-presentation-sports tag-pwc wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a><strong> Egypt Post\u2019s investment arm, Post for Investment (PFI), has acquired 20% of <\/strong><strong>state-owned sports management company <\/strong><strong><a href=\"https:\/\/estadat.net\/\">Estadat Holding<\/a><\/strong>, Estadat CEO Seif El Wazery said at a press conference on Thursday, according to <a href=\"https:\/\/bit.ly\/3B3jvyE\">Youm7<\/a>. The partnership will see Egypt Post help raise Estadat\u2019s capital as it looks to expand as part of a five-year business strategy.<\/p>\n<p><strong>The price tag:<\/strong> The value of the transaction was not disclosed, but El Waziri was quoted as saying Al Ahly Pharos and PricewaterhouseCoopers\u2019 fair value assessment of Estadat valued the company at EGP 5 bn, implying the transaction was worth something in the EGP 1 bn range.<\/p>\n<p><strong>A new JV in the works? <\/strong>Estadat and PFI earlier this week signed an agreement to establish a new sports club management firm named City, <a href=\"https:\/\/bit.ly\/3uvMcmD\">Youm7<\/a> reported, without disclosing further details. The two companies als signed an agreement that will see PFI provide digital payments services to members of Estadat\u2019s sports clubs, according to <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=03022022&id=5e42fc63-9dae-44b8-9035-7d9f83dd109e\">Al Shorouk<\/a>.<\/p>\n<p><strong>About Estadat:<\/strong> A subsidiary of state-owned media giant <a href=\"https:\/\/www.ums-eg.com\/en\/home-2\/\">United Media Services<\/a>, Estadat owns the <a href=\"https:\/\/cityclubeg.com\/\">City Club<\/a> chain of sports clubs, which has locations in over 15 municipalities nationwide. The company is also the <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/05\/mystery-company-estadat-takes-over-presentation-sports-7835\/\">majority shareholder<\/a> of Presentation Sports, which owns the rights to Al Ahly TV.<\/p>\n<p><strong>About PFI: <\/strong>The Post\u2019s private investment arm has appetite for industries including telecom, non-bank financial services, outdoor ads, and real estate, was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3d3d431c-01c1-4b9a-9045-a157a38006dc\">mulling an IPO last year<\/a>. It has stakes in bold-name businesses in the telecoms and microfinance industries, among others.<\/p>\n<p><strong>Advisors: <\/strong><a href=\"https:\/\/wizefinancials.com\/\">Wize Financial Consultancy<\/a> acted as financial advisor to Estadat, according to <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=06022022&id=59a44cfd-cf7e-4ae9-a84c-e6417160a73a\">Al Shorouk<\/a>. Al Ahly Pharos acted as buy-side advisor to PFI, <a href=\"https:\/\/bit.ly\/34mDDQr\">Hapi Journal<\/a> reports.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/al-ahly-pharos\/\">Al Ahly Pharos<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-post\/\">Egypt Post<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/presentation-sports\/\">Presentation Sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pwc\/\">PwC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"543544\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"543544\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">IPO<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/redcon-revives-ipo-plans\/\">\r\n                            Redcon revives IPO plans                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/redcon-revives-ipo-plans\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/redcon-revives-ipo-plans\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/redcon-revives-ipo-plans\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Redcon revives IPO plans&url=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/redcon-revives-ipo-plans\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/redcon-revives-ipo-plans\/&title=Redcon revives IPO plans\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Redcon+revives+IPO+plans+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F02%2F07%2Fredcon-revives-ipo-plans%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/redcon-revives-ipo-plans\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/76.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"543545\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/redcon-revives-ipo-plans\/76-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/76.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"76.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/76.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/76.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-543544\" class=\"content-area-description single-story post-543544 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-construction tag-egx tag-enterpriseam tag-ipo-watch tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong><a href=\"https:\/\/www.redconcon.com\/\">Redcon Construction<\/a><\/strong> <strong>is looking to make its EGX debut in 4Q2023 or <\/strong><strong>1Q2024<\/strong>, Vice Chairman Ahmed Abdallah told Enterprise, confirming a report by <a href=\"https:\/\/bit.ly\/3HDynXm\">Hapi Journal<\/a>. Redcon \u2014 the parent company to <a href=\"https:\/\/www.constructionweekonline.com\/business\/273422-redcon-construction-part-of-egypts-transformation-across-all-sectors\">a group of 10 firms<\/a> in several sectors including construction, real estate, aluminum, and facility management \u2014 had been <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/04\/redcon-eyes-2q2019-ipo-to-finance-future-expansion-plans\/\">eyeing an IPO<\/a> in 2019, but has since gone quiet on the plan.<\/p>\n<p><strong>The details are scant so far:<\/strong> The exact stake and the timeline for the IPO will be determined by market conditions, Abdallah said. The size of the offering will depend on Redcon\u2019s future expansion plans and the company\u2019s view on how to finance that growth.<\/p>\n<p><strong>Keeping an eye on global inflation and market volatility:<\/strong> The company is monitoring the international economic situation and the repercussions of the US Federal Reserve\u2019s upcoming interest rate hikes, Abdallah said. \u201cWe have to see stability in global markets, and see where global inflation stands. Once the market is ready, we will make our entry [to the bourse],\u201d he told Enterprise.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/construction\/\">construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"543546\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"543546\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/metito-proposes-plan-to-build-egypts-first-floating-desalination-plant\/\">\r\n                            Metito proposes plan to build Egypt\u2019s first floating desalination plant                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/metito-proposes-plan-to-build-egypts-first-floating-desalination-plant\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/metito-proposes-plan-to-build-egypts-first-floating-desalination-plant\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/metito-proposes-plan-to-build-egypts-first-floating-desalination-plant\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Metito proposes plan to build Egypt\u2019s first floating desalination plant&url=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/metito-proposes-plan-to-build-egypts-first-floating-desalination-plant\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/metito-proposes-plan-to-build-egypts-first-floating-desalination-plant\/&title=Metito proposes plan to build Egypt\u2019s first floating desalination plant\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Metito+proposes+plan+to+build+Egypt%E2%80%99s+first+floating+desalination+plant+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F02%2F07%2Fmetito-proposes-plan-to-build-egypts-first-floating-desalination-plant%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/metito-proposes-plan-to-build-egypts-first-floating-desalination-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/77.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"543547\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/metito-proposes-plan-to-build-egypts-first-floating-desalination-plant\/77-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/77.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"77.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/77.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/77.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-543546\" class=\"content-area-description single-story post-543546 post type-post status-publish format-standard has-post-thumbnail hentry category-infrastructure tag-enterpriseam tag-infrastructure tag-metito tag-uae tag-water wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a><strong> Water treatment company Metito wants to build floating desalination plants in <\/strong><strong>Egypt<\/strong>, <a href=\"https:\/\/alborsaanews.com\/2022\/02\/06\/1505527\">Al Borsa<\/a> quoted Managing Director of <a href=\"https:\/\/www.metito.com\/\">Metito Africa<\/a> Karim Madwar as saying. The Emirati company is currently in talks with the Housing Ministry and has submitted its proposal, he added.<\/p>\n<p><strong>There are no project specs as of yet: <\/strong>The plant\u2019s capacity and its cost will be decided if Metito\u2019s proposal is approved, Madwar said. The company plans to approach multilateral lenders including the Japan International Cooperation Agency and the European Bank for Reconstruction and Development for funding, he added.<\/p>\n<p><strong>Metito has expertise in this area:<\/strong> Metito is designing and building three floating desalination plants for Saudi Arabia for around <a href=\"https:\/\/www.metito.com\/news-detail\/metito-delivers-the-first-of-three-floating-desalination-barges-for-bahris-sar760m-announced-project-in-the-kingdom-of-saudi-arabia\/\">USD 202.6 mn<\/a>.<\/p>\n<p><strong>And it has experience in Egypt: <\/strong>Metito has worked with Orascom Construction and Hassan Allam Construction on several local <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4fcc786f-3bb7-49bc-ac32-adda5f0f3c64\">wastewater treatment and desalination plants<\/a>, including the USD 130 mn East Port Said seawater desalination plant it delivered with OC last year. All three companies were last year awarded a contract to construct the<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/937f8328-b0fc-4e1f-84d9-893ddd22fc8f\">El Hamam agricultural wastewater plant<\/a>, which they claim is the largest of its kind in the world.<\/p>\n<p><strong>IN CONTEXT- This is part of the Sisi administration\u2019s <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aa7c2130-e65f-4691-8159-9868c50aec5f\">USD 50 bn water strategy<\/a><\/strong><strong>:<\/strong> Egypt\u2019s sovereign wealth fund issued tenders for private companies to build 17 solar-powered desalination plants in October, as part of a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a70db4f1-664a-4a7b-ad25-022b8b2d3e1d\">USD 2.5 bn plan<\/a> to quadruple our desalination capacity in the next five years as the government focuses on water security.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/metito\/\">Metito<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/water\/\">water<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"543548\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"543548\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/beyti-united-pharma-announce-investments-to-ramp-up-production\/\">\r\n                            Beyti + United Pharma announce investments to ramp up production                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/beyti-united-pharma-announce-investments-to-ramp-up-production\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/beyti-united-pharma-announce-investments-to-ramp-up-production\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/beyti-united-pharma-announce-investments-to-ramp-up-production\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Beyti + United Pharma announce investments to ramp up production&url=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/beyti-united-pharma-announce-investments-to-ramp-up-production\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/beyti-united-pharma-announce-investments-to-ramp-up-production\/&title=Beyti + United Pharma announce investments to ramp up production\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Beyti+%2B+United+Pharma+announce+investments+to+ramp+up+production+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F02%2F07%2Fbeyti-united-pharma-announce-investments-to-ramp-up-production%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/beyti-united-pharma-announce-investments-to-ramp-up-production\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/78.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"543549\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/beyti-united-pharma-announce-investments-to-ramp-up-production\/78-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/78.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"78.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/78.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/78.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-543548\" class=\"content-area-description single-story post-543548 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-dairy tag-enterpriseam tag-investment-watch tag-pharma wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Dairy and juice producer <\/strong><strong><a href=\"https:\/\/beytiegypt.com\/en\/page\/about-us\">Beyti<\/a><\/strong><strong> plans to invest EGP 250 mn in Egypt this year to <\/strong><strong>add new production lines<\/strong>, CEO Mark Wiley said yesterday in a statement carried by <a href=\"https:\/\/bit.ly\/3Ld9WSu\">Mubasher<\/a>. The investment will also be used to expand the company\u2019s distribution network. Beyti invested EGP 204 mn in Egypt last year to launch new packaging and production lines, according to Wiley. Saudi dairy product producer Almarai owns and operates the Beyti brand in Egypt as part of a joint venture with PepsiCo.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Meds producer United Pharma will invest EGP 150 mn <\/strong>to upgrade machinery and add production lines at its 10th of Ramadan factory, increasing production capacity by 35%, <a href=\"https:\/\/bit.ly\/3slmOgT\">Al Borsa<\/a>quoted company head Abdallah Mahfouz as saying. The renovated factory is set to come online by the middle of this year.<\/p>\n<p><strong>About United Pharma:<\/strong> EFG Hermes\u2019 Rx Healthcare Fund <a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/27\/efg-led-rx-healthcare-confirms-closing-egyptian-meds-producer-united-pharma-acquisition-7157\/\">acquired<\/a> some 80% of the company\u2019s shares in an estimated EGP 360 mn transaction in 2019, and reportedly pumped <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cc82533d-8ed9-4f36-afe5-be8256a63f92\">EGP 100 mn<\/a> into the company the following year to finance expansion plans.<\/p>\n<p><strong>Shipping squeeze hits the pharma industry: <\/strong>Industry players are set to meet \u201csoon\u201d with the head of the Egyptian Drug Authority to discuss rising input prices, Al Borsa quoted Mahfouz as saying. The price of some raw materials used in the pharma industry has more than doubled on the back of higher shipping costs, Mahfouz reportedly said, leading to higher prices for meds and shortages of some products.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/dairy\/\">dairy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pharma\/\">pharma<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"543550\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"543550\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGX<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/you-can-now-short-buy-on-margin-and-day-trade-these-egx-stocks\/\">\r\n                            You can now short, buy on margin and day trade these EGX stocks                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/you-can-now-short-buy-on-margin-and-day-trade-these-egx-stocks\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The number of companies on the EGX\u2019s <a href=\"https:\/\/ent.news\/2022\/2\/category_a_06-02-2022_english.pdf\">category \u2018A\u2019 list (pdf)<\/a> \u2014 which permits same-day trading and margin trading with up to 100% collateral \u2014 has fallen to 138 <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/35b1fa97-327f-428f-94e3-ca4b176a818f\">from 143<\/a>. There are now 44 companies on the <a href=\"https:\/\/ent.news\/2022\/2\/category_b_06-02-2022_english.pdf\">\u2018B\u2019 list (pdf)<\/a> \u2014 which allows same-day trading and margin trading with up to 80% collateral \u2014 up from 33 previously. Meanwhile, the EGX increased the list of securities <a href=\"https:\/\/ent.news\/2022\/2\/short_selling_06-02-2022_english.pdf\">eligible for short selling (pdf)<\/a> to 66 from 63. <strong>The changes are effective as of today\u2019s trading session.<\/strong><\/p>\n<p><strong>Short who and margin what?<\/strong> If you\u2019re feeling lost, click through for our explainers on <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/02\/short-selling-comes-to-the-egyptian-stock-market-7495\/\">short selling<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/33dbee3e-f89b-4b93-97f2-5b7f32b7fe24\">margin trading<\/a>.<\/p>\n<p><strong>Who\u2019s in and out of the EGX30?<\/strong> Four companies were <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/57c61876-73e7-48c1-97f3-f97a07134f60\">added to the benchmark index<\/a> and four rotated out as part of the rebalancing last week.<\/p>\n<p><strong>In:<\/strong> E-Finance, Abu Dhabi Islamic Bank Egypt, Orascom Construction, and the Housing and Development Bank.<\/p>\n<p><strong>Out:<\/strong> Speed Medical, Egyptian for Tourism, Aspire Capital and Gadwa for Industrial Development.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abu-dhabi-islamic-bank\/\">Abu Dhabi Islamic Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/e-finance\/\">e-finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/housing-and-development-bank\/\">Housing and Development Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/margin-trading\/\">Margin Trading<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/orascom-construction\/\">Orascom Construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/short-selling\/\">short selling<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"543552\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"543552\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Moves<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/amer-groups-revolving-door-spins-on-benyas-ahmed-mekky-to-chair-fiber-connect-council\/\">\r\n                            Amer Group\u2019s revolving door spins on + Benya\u2019s Ahmed Mekky to chair Fiber Connect Council                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/amer-groups-revolving-door-spins-on-benyas-ahmed-mekky-to-chair-fiber-connect-council\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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            <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Amer Group\u2019s revolving door spins on + Benya\u2019s Ahmed Mekky to chair Fiber Connect Council&url=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/amer-groups-revolving-door-spins-on-benyas-ahmed-mekky-to-chair-fiber-connect-council\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/amer-groups-revolving-door-spins-on-benyas-ahmed-mekky-to-chair-fiber-connect-council\/&title=Amer Group\u2019s revolving door spins on + Benya\u2019s Ahmed Mekky to chair Fiber Connect Council\">\n                    LinkedIn                    <!-- <img decoding=\"async\" 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href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/amer-groups-revolving-door-spins-on-benyas-ahmed-mekky-to-chair-fiber-connect-council\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-543552\" class=\"content-area-description single-story post-543552 post type-post status-publish format-standard hentry category-moves tag-amer-group tag-enterpriseam tag-moves wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Amer Group\u2019s fourth CEO in a year:<\/strong> Hosny Hany (<a href=\"https:\/\/www.linkedin.com\/in\/hosny-hany-b7271371\/?originalSubdomain=eg\">LinkedIn<\/a>) has been appointed CEO and managing director of Amer Group, succeeding Saad Rabie Al-Khabiry, who resigned, according to an EGX <a href=\"https:\/\/ent.news\/2022\/2\/Amer-Group-appoints-Hosny-Hany-CEO.pdf\">disclosure (pdf)<\/a>. Al-Khabiry<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f76511b6-6f9b-47cb-8780-cecc544466e2\">held the position for five months<\/a>, just outlasting his predecessor <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dcf53ab3-59ed-4e9c-a850-d808836295fd\">Riad Refaat<\/a>, who was in the role for only four months, while Refaat\u2019s predecessor <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7a4ebf17-9456-4467-9cd3-781dd92784d0\">Khaled Hassan<\/a> lasted only a few weeks.<\/p>\n<p><strong>Benya Group CEO Ahmed Mekky<\/strong> (<a href=\"https:\/\/www.amcham.org.eg\/membership\/members-database\/6358\/fiber-misr\">bio<\/a>) was elected <strong>chairman<\/strong> of <strong><a href=\"https:\/\/fiberconnectmena.org\/index.php\/en\/\">Fiber Connect<\/a><\/strong><strong><a href=\"https:\/\/fiberconnectmena.org\/index.php\/en\/\">Council MENA<\/a><\/strong> for two years, according to <a href=\"https:\/\/ent.news\/2022\/2\/Benya-Fiber-Connect-Council-PRL-English.pdf\">a statement (pdf).<\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/amer-group\/\">Amer Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moves\/\">moves<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"543553\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"543553\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/543553\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-543553\" class=\"content-area-description single-story post-543553 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/www.sodic.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/1600px-V-editions-magazine-AD-scaled.jpeg?ssl=1\" alt='enterprise'><\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"543554\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"543554\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">LAST NIGHT\u2019S TALK SHOWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/last-nights-talk-shows-a-graveyard-for-afcon-dreams\/\">\r\n                            Last Night\u2019s Talk Shows: A graveyard for AFCON dreams                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/last-nights-talk-shows-a-graveyard-for-afcon-dreams\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/last-nights-talk-shows-a-graveyard-for-afcon-dreams\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/last-nights-talk-shows-a-graveyard-for-afcon-dreams\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Last Night\u2019s Talk Shows: A graveyard for AFCON dreams&url=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/last-nights-talk-shows-a-graveyard-for-afcon-dreams\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/last-nights-talk-shows-a-graveyard-for-afcon-dreams\/&title=Last Night\u2019s Talk Shows: A graveyard for AFCON dreams\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Last+Night%E2%80%99s+Talk+Shows%3A+A+graveyard+for+AFCON+dreams+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F02%2F07%2Flast-nights-talk-shows-a-graveyard-for-afcon-dreams%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/last-nights-talk-shows-a-graveyard-for-afcon-dreams\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-543554\" class=\"content-area-description single-story post-543554 post type-post status-publish format-standard hentry category-last-nights-talk-shows tag-abdel-fattah-el-sisi tag-enterpriseam tag-last-nights-talk-shows tag-senegal tag-sports tag-world-cup wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It was all AFCON on the airwaves last night, <\/strong>with Kelma Akhira (<a href=\"https:\/\/www.youtube.com\/watch?v=MZk3bUaPlME\">watch, runtime:<\/a><a href=\"https:\/\/www.youtube.com\/watch?v=MZk3bUaPlME\">8:44<\/a>), El Hekaya (<a href=\"https:\/\/www.youtube.com\/watch?v=0-ZniP9v6V0\">watch, runtime: 1:18<\/a>; <a href=\"https:\/\/www.youtube.com\/watch?v=4SVqaSx0vxc\">3:03<\/a>), and Masaa DMC (<a href=\"https:\/\/www.facebook.com\/watch\/?v=667272190963048\">watch, runtime: 4:39<\/a>) giving their takes on the loss, commending the Pharaohs\u2019 efforts, and wishing the team luck in the <a href=\"https:\/\/www.sis.gov.eg\/Story\/162089\/CAF-sets-March-24%2C-29-for-Egypt-Senegal-WC-qualifiers-clash?lang=en-us\">upcoming World Cup qualifiers<\/a> against last night\u2019s victors, Senegal. The talking heads also noted President Abdel Fattah El Sisi\u2019s <a href=\"https:\/\/www.facebook.com\/AlSisiofficial\/posts\/504963577661407\">message of appreciation<\/a> in their coverage.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/senegal\/\">Senegal<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-cup\/\">World Cup<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"543555\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n         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%%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-k9bhzp6\" data-v=\"4\" data-block-id=\"k9bhzp6\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-k9bhzp6-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-k9bhzp6-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-w3khfgo\" data-v=\"4\" data-block-id=\"w3khfgo\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-w3khfgo-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-w3khfgo-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240924.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.sodic.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27487.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Live More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-j2pscr1\" data-v=\"4\" data-block-id=\"j2pscr1\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-j2pscr1-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-j2pscr1-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-n9q6rul\" data-v=\"4\" data-block-id=\"n9q6rul\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-n9q6rul-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-n9q6rul-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path 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data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"543556\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"543556\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/egypt-in-the-news-overpopulation-european-demands-for-action-on-our-human-rights-record\/\">\r\n                            Egypt in the News: Overpopulation + European demands for action on our human rights record                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/egypt-in-the-news-overpopulation-european-demands-for-action-on-our-human-rights-record\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/egypt-in-the-news-overpopulation-european-demands-for-action-on-our-human-rights-record\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/egypt-in-the-news-overpopulation-european-demands-for-action-on-our-human-rights-record\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt in the News: Overpopulation + European demands for action on our human rights 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href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+in+the+News%3A+Overpopulation+%2B+European+demands+for+action+on+our+human+rights+record+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F02%2F07%2Fegypt-in-the-news-overpopulation-european-demands-for-action-on-our-human-rights-record%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/egypt-in-the-news-overpopulation-european-demands-for-action-on-our-human-rights-record\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-543556\" class=\"content-area-description single-story post-543556 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-arab-contractors tag-development tag-enterpriseam tag-eu tag-giulio-regeni tag-human-rights tag-mohamed-el-amin tag-population-growth tag-transport tag-un wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>When more is not merrier: Our growing population poses challenges to<\/strong> <strong>development efforts<\/strong>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-02-06\/a-surging-population-brings-risks-for-next-host-of-global-climate-talks?srnd=premium-middle-east\">Bloomberg<\/a> writes. With a birth rate of 3.4 children per woman, Egypt\u2019s 100 mn+ population could nearly double by 2050 if left unchecked. Attempts to fight poverty will have little effect if Egypt\u2019s fertility rate doesn\u2019t drop, the outlet reports, while efforts to tame birth rates continue to face difficulties due to what officials call citizens\u2019 \u201ccavalier approach to bearing children they can\u2019t afford.\u201d<\/p>\n<p><strong>On the human rights front: <\/strong>175 European lawmakers called on the UN to establish \u201ca human rights monitoring and reporting mechanism\u201d on Egypt in an <a href=\"https:\/\/www.jcoetjen.de\/artikel\/joint-letter-urging-for-the-establishment-of-a-un-human-rights-monitoring-mechanism-on-egypt\">open letter<\/a> published last week. The <a href=\"https:\/\/apnews.com\/article\/europe-middle-east-africa-religion-egypt-66d32381f89ce98a91402aea0677d16a\">Associated Press<\/a> and <a href=\"https:\/\/www.dw.com\/en\/un-asked-to-monitor-egypt-human-rights\/a-60649827\">Deutsche Welle<\/a> covered the story.<\/p>\n<p><strong>Also making headlines: <\/strong><\/p>\n<ul>\n<li><strong>The Amin case: <\/strong>Former CBC owner Mohamed El Amin could face life in prison after the chief prosecutor referred him to trial for the alleged [redacted] assault of children at his orphanage. (<a href=\"https:\/\/apnews.com\/article\/middle-east-africa-media-egypt-sexual-assault-8e8ff2122395648e3933f4acf8d7743f\">Associated Press<\/a>) <\/li>\n<li><strong>Tuk-tuk drivers are worried <\/strong>after the government in November <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0db2880d-bff8-49bc-a419-f0d0edc9ff40\">imposed an<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0db2880d-bff8-49bc-a419-f0d0edc9ff40\">import ban<\/a> on tuk-tuk components as part of plans to green Egypt\u2019s streets. (<a href=\"https:\/\/www.reuters.com\/markets\/commodities\/egypts-tuk-tuk-drivers-wary-plans-green-streets-2022-02-03\/\">Reuters<\/a>)<\/li>\n<li><strong>A tale of two dams:<\/strong> Kenyan outlet <a href=\"https:\/\/www.theeastafrican.co.ke\/tea\/business\/construction-of-tanzania-dam-egyptian-builders-raises-eyebrows-3706294\">The East African<\/a> contrasts the dam being built by Arab Contractors in Tanzania with the ongoing dispute over the GERD in Ethiopia.<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arab-contractors\/\">Arab Contractors<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/development\/\">development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eu\/\">EU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/giulio-regeni\/\">Giulio Regeni<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-el-amin\/\">Mohamed El Amin<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/population-growth\/\">population growth<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/un\/\">UN<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"543557\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"543558\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"543558\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/local-carbon-credit-exchange-in-the-works\/\">\r\n                            Local carbon credit exchange in the works                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/local-carbon-credit-exchange-in-the-works\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/local-carbon-credit-exchange-in-the-works\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/local-carbon-credit-exchange-in-the-works\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Local carbon credit exchange in the works&url=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/local-carbon-credit-exchange-in-the-works\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/local-carbon-credit-exchange-in-the-works\/&title=Local carbon credit exchange in the works\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Local+carbon+credit+exchange+in+the+works+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F02%2F07%2Flocal-carbon-credit-exchange-in-the-works%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/local-carbon-credit-exchange-in-the-works\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-543558\" class=\"content-area-description single-story post-543558 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-carbon-credits tag-egx tag-electricity-ministry tag-enterpriseam tag-environment-ministry tag-green-economy tag-national-investment-bank tag-ni-capital wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408146\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408144.svg\" alt=\"\" class=\"wp-image-408144\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> The <strong>Environment Ministry<\/strong> is working with the <strong>EGX<\/strong> on a proposal to set up <a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/21\/environment-ministry-to-launch-egypts-first-carbon-trade-exchange\/\">a platform<\/a> that would allow companies to <strong>buy and sell carbon credits, <\/strong><a href=\"https:\/\/bit.ly\/3LfvD4o\">Al Mal<\/a> quoted EGX Chairman Mohamed Farid as saying. The proposal will soon be presented to Cabinet and the National Council for Climate Change, Farid reportedly said. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8bccb1be-e366-491b-a328-369fd2b8c4e2\">Carbon credits<\/a> are tradable certificates designed give companies incentives to lower emissions.<\/p><p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p><ul>\n<li>National Investment Bank subsidiary <strong>NI Capital<\/strong> has launched a <strong><a href=\"https:\/\/www.facebook.com\/MPEDEGYPT\/posts\/482537713236070\">new fixed<\/a><\/strong><strong><a href=\"https:\/\/www.facebook.com\/MPEDEGYPT\/posts\/482537713236070\">income fund<\/a><\/strong>.<\/li>\n<li><strong>Energya Cables<\/strong> <a href=\"https:\/\/tinyurl.com\/5fmphjuv\">was awarded<\/a> an <strong>Electricity Ministry<\/strong> project to replace aerial electrical cables and electrical circuits with <strong>ground fiber optic cables <\/strong>along <strong>6th of October\u2019s main power line<\/strong>. <\/li>\n<\/ul>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/carbon-credits\/\">carbon credits<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/electricity-ministry\/\">Electricity Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/environment-ministry\/\">Environment Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/green-economy\/\">Green Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-investment-bank\/\">National Investment Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ni-capital\/\">NI Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"543559\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"543559\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/a-fresh-record-breaking-covid-tally-streak-our-very-own-antiviral-pill\/\">\r\n                            A fresh record-breaking covid tally streak + Our very own antiviral pill?                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/a-fresh-record-breaking-covid-tally-streak-our-very-own-antiviral-pill\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/a-fresh-record-breaking-covid-tally-streak-our-very-own-antiviral-pill\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/a-fresh-record-breaking-covid-tally-streak-our-very-own-antiviral-pill\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=A fresh record-breaking covid tally streak + Our very own antiviral pill?&url=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/a-fresh-record-breaking-covid-tally-streak-our-very-own-antiviral-pill\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/a-fresh-record-breaking-covid-tally-streak-our-very-own-antiviral-pill\/&title=A fresh record-breaking covid tally streak + Our very own antiviral pill?\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=A+fresh+record-breaking+covid+tally+streak+%2B+Our+very+own+antiviral+pill%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F02%2F07%2Fa-fresh-record-breaking-covid-tally-streak-our-very-own-antiviral-pill%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/a-fresh-record-breaking-covid-tally-streak-our-very-own-antiviral-pill\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-543559\" class=\"content-area-description single-story post-543559 post type-post status-publish format-standard hentry category-covid-watch tag-covid-19 tag-enterpriseam tag-vaccines wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Yet another record daily rise: <\/strong>The Health Ministry <a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/264822332495655\">reported<\/a> 2,301 new covid-19 infections yesterday, up from 2,298 the day before, marking a second consecutive record for new cases in a day. Egypt has now disclosed a total of 439,651 confirmed cases of covid-19. The ministry also reported 59 new deaths, bringing the country\u2019s total death toll to 22,936.<\/p>\n<p><strong>The vaccine tally<\/strong>: 27,256,215 people are now fully vaccinated against the virus, while some 10.8 mn people have received only their first shots and 647,271 people have received booster shots.<\/p>\n<p><strong>A homegrown antiviral pill in the works? <\/strong>An Egyptian pill incorporating Lactoferrin \u2014 a protein found in milk \u2014 to treat and prevent covid-19 is currently undergoing clinical trials and is showing promising results, the head of the team in charge of supervising clinical research for our local covid-19 jab, Osama Azmi, told Al Hadath Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=0aJCHEQGseY\">watch, runtime: 3:55<\/a>) last night. The results of the trials will be published and peer reviewed before the pill receives regulatory approvals.<\/p>\n<p><strong>Covi Vax could be ready by April: <\/strong>Egypt\u2019s locally made covid-19 vaccine, Covi Vax, will be ready in two months\u2019 time, Azmi said. The vaccine is still <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/118994c1-0ec8-4da0-932f-8fcede3aaa9a\">undergoing clinical trials<\/a>, and is also showing very promising results, he added.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vaccines\/\">vaccines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"543560\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"543560\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/5-us-interest-rate-hikes-in-2022-brace-yourselves-for-the-crypto-winter\/\">\r\n                            5 US interest rate hikes in 2022? + Brace yourselves for the crypto winter                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/5-us-interest-rate-hikes-in-2022-brace-yourselves-for-the-crypto-winter\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/5-us-interest-rate-hikes-in-2022-brace-yourselves-for-the-crypto-winter\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/5-us-interest-rate-hikes-in-2022-brace-yourselves-for-the-crypto-winter\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=5 US interest rate hikes in 2022? + Brace yourselves for the crypto winter&url=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/5-us-interest-rate-hikes-in-2022-brace-yourselves-for-the-crypto-winter\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/5-us-interest-rate-hikes-in-2022-brace-yourselves-for-the-crypto-winter\/&title=5 US interest rate hikes in 2022? + Brace yourselves for the crypto winter\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=5+US+interest+rate+hikes+in+2022%3F+%2B+Brace+yourselves+for+the+crypto+winter+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F02%2F07%2F5-us-interest-rate-hikes-in-2022-brace-yourselves-for-the-crypto-winter%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/5-us-interest-rate-hikes-in-2022-brace-yourselves-for-the-crypto-winter\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-543560\" class=\"content-area-description single-story post-543560 post type-post status-publish format-standard hentry category-planet-finance tag-bond-market tag-crypto-winter tag-cryptocurrency tag-enterpriseam tag-financial-markets tag-hedge-funds tag-inflation tag-interest-rates tag-planet-finance tag-rate-hikes tag-us-federal-reserve wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408150\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><a class=\"content-anchor\" id=\"tldr-story-09\"><\/a> <strong>Traders are now expecting five quarter-point US interest rate hikes this year, <\/strong>as investors bet that continued economic recovery will give the central bank the policy room it needs to tame rising inflation, the <a href=\"https:\/\/www.ft.com\/content\/43612e00-ca6b-4435-bb22-a0985cd97bb1\">Financial Times<\/a> reports. A stronger than expected jobs report last week saw US treasury yields jump, with the benchmark 10-year yield hitting its highest in two years. But expectations for inflation remained steady as the market bet that recent price hikes would subside in the medium-to-long term \u2014 signaling confidence in the US economy despite the withdrawal of stimulus, analysts say. \u201cThe Fed\u2019s control over the economy has just increased,\u201d said one global bonds manager.<\/p><p><strong>It\u2019s getting chilly in Cryptoland:<\/strong> Investors are pulling huge amounts out of cryptocurrency assets, the <a href=\"https:\/\/www.ft.com\/content\/4b8a4443-084e-491c-bff8-e4c241b4d2ad\">Financial Times<\/a> reports, adding to fears of an imminent <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f444d6da-5980-4e52-8137-d4cf84f67e94\">crypto winter<\/a>. Digital asset vehicles lost around USD 61 mn per week in January \u2014 their fastest outflows in at least a year \u2014 as the price of BTC fell from highs of nearly USD 69k in November to under USD 40k by the end of last month. Average daily crypto trading volumes, meanwhile, are at their lowest since last summer. High-growth asset classes like crypto and tech stocks have the most to lose from Federal Reserve tightening amid risk-off sentiment from investors.<\/p><p><strong>Speaking of growth-asset struggles:<\/strong> A number of hedge funds investing in tech and other high-growth companies saw their worst January in years amid the stock sell-off, as tech shares were battered by the Fed\u2019s positioning for an aggressive cycle of interest rate hikes, the <a href=\"https:\/\/www.wsj.com\/articles\/growth-hedge-funds-suffer-worst-rout-in-years-11643824096?mod=lead_feature_below_a_pos1\">Wall Street Journal<\/a> reports.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>11,690<\/p>\n<\/td>\n<td>\n<p>+0.4% (YTD: -2.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.67<\/p>\n<\/td>\n<td>\n<p>Sell 15.77<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD at CIB<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.67<\/p>\n<\/td>\n<td>\n<p>Sell 15.77<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Interest rates CBE<\/strong><\/p>\n<\/td>\n<td>\n<p>8.25% deposit<\/p>\n<\/td>\n<td>\n<p>9.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>12,205<\/p>\n<\/td>\n<td>\n<p>+0.5% (YTD: +8.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>8,733<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: +2.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>3,171<\/p>\n<\/td>\n<td>\n<p>+0.6% (YTD: -0.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>4,501<\/p>\n<\/td>\n<td>\n<p>+0.5% (YTD: -5.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>7,516<\/p>\n<\/td>\n<td>\n<p>-0.2% (YTD: +1.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 93.27<\/p>\n<\/td>\n<td>\n<p>+2.4%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 4.57<\/p>\n<\/td>\n<td>\n<p>-6.5%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,808<\/p>\n<\/td>\n<td>\n<p>+0.2%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 41,662<\/p>\n<\/td>\n<td>\n<p>-0.1% (as of midnight)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>THE CLOSING BELL-<\/strong><\/p><p><strong>The EGX30 rose 0.4% at yesterday\u2019s close<\/strong> on turnover of EGP 625 mn (41.9% below the 90-day average). Regional investors were net buyers. The index is down 2.2% YTD.<\/p><p><strong>In the green: <\/strong>Qalaa Holding (+9.5%), Medinet Nasr Housing (+4.6%) and Heliopolis Housing (+3.4%).<\/p><p><strong>In the red: <\/strong>CIRA (-2.8%), Fawry (-1.5%) and Mopco (-1.1%).<\/p><p><strong>There\u2019s a whole lotta red spilling across Asia this morning<\/strong>, with Shanghai the lone major benchmark clinging to the green. Futures suggest a mixed open in Europe (London and Frankfurt up, Paris down) and that Wall Street will open in the red at the opening bell later today.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bond-market\/\">bond market<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/crypto-winter\/\">crypto winter<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cryptocurrency\/\">cryptocurrency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hedge-funds\/\">hedge funds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/rate-hikes\/\">rate hikes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us-federal-reserve\/\">US Federal Reserve<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"543561\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"543561\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/egypt-to-advocate-for-africa-at-cop27-shoukry\/\">\r\n                            Egypt to advocate for Africa at COP27 -Shoukry                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/egypt-to-advocate-for-africa-at-cop27-shoukry\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/egypt-to-advocate-for-africa-at-cop27-shoukry\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/egypt-to-advocate-for-africa-at-cop27-shoukry\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt to advocate for Africa at COP27 -Shoukry&url=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/egypt-to-advocate-for-africa-at-cop27-shoukry\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/egypt-to-advocate-for-africa-at-cop27-shoukry\/&title=Egypt to advocate for Africa at COP27 -Shoukry\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+to+advocate+for+Africa+at+COP27+-Shoukry+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F02%2F07%2Fegypt-to-advocate-for-africa-at-cop27-shoukry%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/egypt-to-advocate-for-africa-at-cop27-shoukry\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-543561\" class=\"content-area-description single-story post-543561 post type-post status-publish format-standard hentry category-diplomacy tag-african-union tag-cop27 tag-diplomacy tag-enterpriseam tag-foreign-ministry tag-sameh-shoukry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Shoukry touts African solidarity for COP27:<\/strong> Egypt will be \u201cspeaking for Africa\u201d at this year\u2019s COP27 climate summit in Sharm El Sheikh, Foreign Minister Sameh Shoukry has said, according to a ministry <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/253104553666065\">statement<\/a>. Shoukry, who will lead the government\u2019s efforts on COP27, made the comments during a meeting of a high-level African committee on climate change on the sidelines of a two-day African Union summit.<\/p>\n<p><strong>Affordable climate finance for the continent is set to be a key theme at COP27<\/strong>, with <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d36a3e17-1822-4a9e-a110-31649eee59a4\">President Abdel Fattah El Sisi<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e84aa974-8be0-4d71-beab-9d9b4d86706d\">International Cooperation Minister Rania Al Mashat<\/a> among those to have trailed the issue in recent months.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/african-union\/\">African Union<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cop27\/\">COP27<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-ministry\/\">Foreign Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sameh-shoukry\/\">Sameh Shoukry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"543562\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"543562\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/lebanon-could-see-massive-devaluation-amid-imf-rescue-talks-fuel-price-hikes-worsen-hardship-in-sudan\/\">\r\n                            Lebanon could see massive devaluation amid IMF rescue talks + Fuel price hikes worsen hardship in Sudan                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/lebanon-could-see-massive-devaluation-amid-imf-rescue-talks-fuel-price-hikes-worsen-hardship-in-sudan\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/lebanon-could-see-massive-devaluation-amid-imf-rescue-talks-fuel-price-hikes-worsen-hardship-in-sudan\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/lebanon-could-see-massive-devaluation-amid-imf-rescue-talks-fuel-price-hikes-worsen-hardship-in-sudan\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Lebanon could see massive devaluation amid IMF rescue talks + Fuel price hikes worsen hardship in Sudan&url=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/lebanon-could-see-massive-devaluation-amid-imf-rescue-talks-fuel-price-hikes-worsen-hardship-in-sudan\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/lebanon-could-see-massive-devaluation-amid-imf-rescue-talks-fuel-price-hikes-worsen-hardship-in-sudan\/&title=Lebanon could see massive devaluation amid IMF rescue talks + Fuel price hikes worsen hardship in Sudan\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Lebanon+could+see+massive+devaluation+amid+IMF+rescue+talks+%2B+Fuel+price+hikes+worsen+hardship+in+Sudan+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F02%2F07%2Flebanon-could-see-massive-devaluation-amid-imf-rescue-talks-fuel-price-hikes-worsen-hardship-in-sudan%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/lebanon-could-see-massive-devaluation-amid-imf-rescue-talks-fuel-price-hikes-worsen-hardship-in-sudan\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-543562\" class=\"content-area-description single-story post-543562 post type-post status-publish format-standard hentry category-around-the-world tag-around-the-world tag-devaluation tag-economy tag-enterpriseam tag-fuel tag-imf tag-lebanon tag-sudan wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Lebanon could see a 93% devaluation of its currency<\/strong> as part of a government plan seen by <a href=\"https:\/\/www.reuters.com\/markets\/rates-bonds\/lebanon-plan-sees-93-currency-slide-turns-bulk-fx-deposits-pounds-2022-01-31\/\">Reuters<\/a> to tackle the country\u2019s devastating economic and financial crisis. The plan includes converting around three-quarters of the country\u2019s USD 104 bn in hard currency deposits into LBP, at rates that could wipe 75% off some of them. Depositors would be paid back within 15 years. A credible fiscal plan is required for the country to receive emergency assistance from the IMF, with which it began talks <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c41a167b-4cf0-4aeb-9fe7-181e4097d75c\">late last month<\/a>.<\/p>\n<p><strong>Sudan has hiked fuel prices by around 15%<\/strong>, increasing economic hardship in a nation struggling with the loss of USD bns in foreign aid, which was suspended following October\u2019s military coup, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-02-06\/fuel-price-hike-in-sudan-adds-to-post-coup-economic-woes?srnd=premium-middle-east\">Bloomberg<\/a>reports.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/around-the-world\/\">Around the World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/devaluation\/\">devaluation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fuel\/\">fuel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/imf\/\">IMF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/lebanon\/\">Lebanon<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull vertical-section wide-section blackboard wp-block-group issue-section\" id=\"543563\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27466.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep dive into education in Egypt, from K-12 to post-secondary.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27480.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Monday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/blackboard\/\">\r\n                            Read Blackboard                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">14<\/div>\r\n\r\n                        \r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/whats-driving-the-growth-of-education-management-companies-in-egypt\/\">\r\n                            What\u2019s driving the growth of education management companies in Egypt?<\/a>\r\n                        <\/h3>\r\n                        \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/whats-driving-the-growth-of-education-management-companies-in-egypt\/\" target=\"_blank\">\n                    Open in 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        <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What%E2%80%99s+driving+the+growth+of+education+management+companies+in+Egypt%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2Fblackboards%2Fwhats-driving-the-growth-of-education-management-companies-in-egypt%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>                    <\/div>\r\n\r\n                    <div class=\"story__body\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/whats-driving-the-growth-of-education-management-companies-in-egypt\/\">\r\n                            <div class=\"photo photo--above\">\r\n                                <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/84.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" sizes=\"(max-width: 34.9rem) calc(100vw - 2rem), (max-width: 53rem) calc(8 * (100vw \/ 12)), (min-width: 53rem) calc(6 * (100vw \/ 12)), 100vw\" data-attachment-id=\"543564\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/whats-driving-the-growth-of-education-management-companies-in-egypt\/84-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/84.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"84.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/84.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/84.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-543563\" class=\"content-area-description post-543563 blackboard type-blackboard status-publish has-post-thumbnail hentry tag-ahmed-wahby tag-ais tag-balanced-education-company tag-cira-education tag-eduhive tag-efg-hermes tag-egypt-education-platform-eep tag-enterprise-blackboard tag-enterpriseam tag-kapono-ciotti tag-karim-mostafa tag-salma-el-bakry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a><strong> What\u2019s driving the growth of education management companies in Egypt?<\/strong> Within Egypt\u2019s private education sector, we\u2019re seeing a notable increase in companies dedicated to managing schools, as <a href=\"https:\/\/enterprise.press\/blackboards\/blackboard-8\/\">we reported last week<\/a>. In this second part of our two-part series, we look at the factors driving this growth.<\/p>\n<p><strong>Egypt is fertile ground for education management companies to grow<\/strong>, a source from a major international school tells Enterprise. This is firstly because the model of running schools as forprofit businesses has been widely accepted within MENA for 30 years, which is not the case in the US, for example. Secondly, we\u2019ve recently seen substantial and <a href=\"https:\/\/enterprise.press\/blackboards\/education-franchising-relatively-low-risk-strategy-boost-egypts-internationalization-drive\/\">growing interest<\/a> \u2014 particularly from UK schools \u2014 in launching education franchises in Egypt, which are best served with support from a local player that understands the local context and curricula, the source adds. \u201cCombine those two things, and Egypt becomes a huge market for educational management, which you wouldn\u2019t find in many other places.\u201d<\/p>\n<p><strong>Driving this growth is the strong demand for private and international education<\/strong>, Advisor to the Chairman of <a href=\"https:\/\/www.esoleducation.com\/about-us\/chairmans-message\">Esol Education<\/a> Tammam Abu Shakra, tells Enterprise. Esol establishes and manages schools in the Middle East, with <a href=\"https:\/\/www.esoleducation.com\/our-schools\/school-profiles\">brands<\/a> including the American International School and Cairo English School, among others.<\/p>\n<p><strong>Know-how and access to capital give education management companies the edge: <\/strong>Experienced education management companies can better meet increasing demand for high-quality education than standalone schools or new entrants to the sector because their know-how, track record and reputation make them more capable of executing new projects, says Abushakra. \u201cFor the same reasons, they have greater access to capital and [growth prospects]. So, for example, they are more sought after by investors and real estate developers.\u201d<\/p>\n<p><strong>Investors entering from other sectors are often ready to pay for expertise: <\/strong>Increasingly, investors from very different sectors \u2014 like agriculture or construction \u2014 want to get into education, but the industry requires specialized know-how that they often lack, says Eduhive CEO Karim Mostafa. An education operator working in Egypt needs to understand the regulation and jurisdiction bodies they\u2019re governed by, along with the target markets and how to fully utilize resources, he says. \u201cHaving a service provider that can manage schools for them is rare\u201d \u2014 and they\u2019re willing to pay for one.<\/p>\n<p><strong>Another selling point is performance and efficiency: <\/strong>Management companies standardize certain school processes and operations, leading to greater efficiency and resource management, thereby reducing school costs, says Mostafa. Being run by a reputable education management company can also add a lot of sustainability to schools, says <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3b062b7f-ecf4-4a6f-b663-000622bd7564\">Egypt Education Platform (EEP)<\/a> CEO Ahmed Wahby.<\/p>\n<p><strong>As well as providing their portfolio schools with access to high-caliber employees: <\/strong>\u201cParticularly in the Egyptian market, many schools are owned by people who aren\u2019t educators, so they don\u2019t always know if they\u2019re hiring the right caliber of people to run the place for them,\u201d says Wahby. \u201cFinding someone with the right know-how [to judge this] adds a lot of value to schools,\u201d he adds. Mostafa agrees that the expertise and extensive networks of quality management companies helps schools reach high-caliber employees.<\/p>\n<p><strong>They can also be a vehicle for reaching more students and geographies:<\/strong> EEP was founded as a means of providing more variety in terms of the curricula offered and the income segments targeted, says Wahby. By having multiple streams \u2014 each with its own name and identity \u2014 the company can grow in multiple directions, rather than just one. \u201cThere\u2019s no one-size-fits-all approach, and this way each stream has its own direction of growth,\u201d Wahby says, adding that diversification \u201cwill enable us to grow even further, beyond Cairo\u201d to cater to different geographies and demand pockets.<\/p>\n<p><strong>For operators, expansion through education management companies can be more cost-effective than simply owning multiple schools.<\/strong> After years of managing school franchises he owned, Mostafa founded Eduhive as a way to grow and attract more clients, he tells Enterprise. \u201cIf you look at ownership today, you\u2019ll see land prices have become very expensive. For a family to own and manage 2-3 schools would require EGP 1-1.5 bn,\u201d he notes. \u201cSo how do you grow in your sector? You partner to manage other ventures, where you\u2019re not the sole owner \u2014 or you don\u2019t even have to be an owner.\u201d<\/p>\n<p><strong>School ownership involves sizable investments in land and CAPEX,<\/strong> agrees BalancED Education Managing Director Salma El Bakry. That\u2019s why having a mixed portfolio of ownership and management can be an ideal balance, she adds.<\/p>\n<p><strong>But management companies themselves are asset-light and don\u2019t require huge investment<\/strong>, notes Mostafa.<\/p>\n<p><strong>What\u2019s more defensive than defensive?<\/strong> Education in general is a pretty defensive industry, and accordingly so is education management, notes Wahby. One popular education management model \u2014 out of several \u2014 is for an education management company to take a fixed-rate percentage of a school\u2019s revenue, creating high earning potential, he says.<\/p>\n<p><strong>But not everyone\u2019s fully on board with a rapid-growth approach<\/strong>, the off-the-record source notes. \u201cI think the critique of some education management companies is that they buy schools, consolidate them, and then \u2014 like venture capital \u2014 just move onto the next project,\u201d the source adds.<\/p>\n<p><strong>Though players are also quick to point out that each approach carries benefits and risks: <\/strong>Companies that grow organically might be more at risk from the macro climate than companies that begin life as investment vehicles, operate more schools and have more financing \u2014 but the slower-growing companies also tend to have longer relationships with the schools they manage, the source notes. Neither model is necessarily better or worse than the other, with each carrying their own set of pros and cons, the source adds.<\/p>\n<p><strong>The bottom line remains that management companies will only succeed if they\u2019re providing quality. <\/strong>\u201cYou have to be confident you can offer quality to invest in this sector. Because if you can\u2019t offer quality, you won\u2019t last long,\u201d says Wahby. The market need for an education vehicle not based on an owner\u2019s name, that\u2019s long-lasting, institutionalized and delivers a quality service is massive, he adds.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Your top education stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>Gov\u2019t eyes establishing 340 tech schools:<\/strong> The Education Ministry is looking to found 340 applied technical and <a href=\"https:\/\/en.wikipedia.org\/wiki\/Dual_education_system\">dual education<\/a> schools in partnership with the private sector as part of its 2030 strategy, <a href=\"https:\/\/alborsaanews.com\/2022\/02\/05\/1505494\">Al Borsa<\/a> reported Deputy Minister for Technical Education Mohamed Megahed as saying.<\/li>\n<li>EFG\u2019 Hermes fintech platform <strong>valU<\/strong> has <a href=\"https:\/\/ent.news\/2022\/2\/valU-AUC_PRL-060222.pdf\">partnered (pdf)<\/a> with <strong>AUC<\/strong> to offer <strong>financing plans for undergraduate and graduate degree programs<\/strong>, with installments to be paid through payment gateway <strong>Paymob<\/strong>.<\/li>\n<li><strong>Nawah lands second investment from Cairo Angels:<\/strong> Cairo Angels Syndicate Fund <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/62307c00-94b2-47a6-acc9-180f0ae79dff\">made a second undisclosed investment<\/a>in scientific research startup Nawah Scientific.<\/li>\n<li><strong>Lighthouse to buy two schools this year:<\/strong> State-backed education investment platform Lighthouse Education is looking to put its first close of EGP 560 mn towards <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dac6480b-6cc8-4755-87f0-23daaf88852a\">acquiring two schools<\/a> in Cairo this year.<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ahmed-wahby\/\">Ahmed Wahby<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ais\/\">AIS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/balanced-education-company\/\">BalancED Education Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cira-education\/\">CIRA Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eduhive\/\">Eduhive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/efg-hermes\/\">EFG Hermes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-education-platform-eep\/\">Egypt Education Platform (EEP)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kapono-ciotti\/\">Kapono Ciotti<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/karim-mostafa\/\">Karim Mostafa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/salma-el-bakry\/\">Salma El Bakry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"543565\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/543565\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-543565\" class=\"content-area-description single-story post-543565 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>1Q2022: <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9cd1fc44-1593-4317-8658-0aa792215521\">Launch of the Egyptian Commodities Exchange<\/a>.<\/p>\n<p>1Q2022: Swvl acquisition of Viapool expected to close.<\/p>\n<p>1Q2022: Waste collection startup Bekia plans to expand to the UAE and Saudi Arabia.<\/p>\n<p>1Q2022: Rameda Pharma will begin selling its generic version of Merck\u2019s oral antiviral covid-19 med.<\/p>\n<p>1Q2022: Pharos Energy\u2019s sale of 55% stake in El Fayum, Beni Suef concessions to IPR Energy Group subsidiary IPR Lake Qarun expected to close.<\/p>\n<p>Early 2022: Results <a href=\"https:\/\/www.elwatannews.com\/news\/details\/5876314\">to be announced<\/a> for the second round of the state\u2019s gold and precious metals auction.<\/p>\n<p>1H2022: Target date for IDH to close its acquisition of 50% of Islamabad Diagnostic Center.<\/p>\n<p>1H2022: e-Finance\u2019s digital healthcare service platform, eHealth, will launch its services.<\/p>\n<p>1H2022: The government will respond to private companies\u2019 bids to build desalination plants.<\/p>\n<p>1H2022: Egypt\u2019s second corporate green bond issuance expected to be announced.<\/p>\n<p>27 January-7 February (Thursday-Monday): Cairo International Book Fair, Egypt International Exhibition Center.<\/p>\n<p>January-February 2022: Construction work on the Abu Qir metro upgrade <a href=\"https:\/\/www.youtube.com\/watch?v=vXBilirlgw0\">will begin<\/a>.<\/p>\n<p>February: Hassan Allam Construction\u2019s <a href=\"https:\/\/alborsaanews.com\/2021\/12\/07\/1488592\">new construction firm<\/a> established with Russia\u2019s Titan-2 to handle construction work on the Dabaa nuclear power plant begins its operations.<\/p>\n<p>February: Ghazl El Mahalla shares will begin trading on the EGX this month.<\/p>\n<p>Mid-February: End of grace period to comply with new minimum wage for firms who sent in exemption requests.<\/p>\n<p>Mid-February: A Hungarian delegation will arrive in Egypt for talks over a potential investment in an industrial area in the SCZone.<\/p>\n<p>4-20 February (Friday-Sunday): 2022 Winter Olympics, Beijing.<\/p>\n<p>11-13 February (Friday-Sunday) FIBA Intercontinental Cup, Cairo.<\/p>\n<p>14-16 February (Monday-Wednesday): Egypt Petroleum Show, Egypt International Exhibition Center, New Cairo, Egypt.<\/p>\n<p>14-19 February (Monday- Saturday): An <a href=\"https:\/\/ent.news\/2022\/1\/Dream-Art-Exhibition-First-Press-release-English-final-ML-1.pdf\">art exhibition<\/a> created by marginalized children will be held at Townhouse Gallery. The event is organized by the Sawiris Foundation for Social Development, AlexBank, Townhouse Gallery, Al Ismaelia for Real Estate Investment, and Ubuntu Art Gallery.<\/p>\n<p>15 February (Tuesday): The Industrial Development Authority\u2019s deadline for <a href=\"https:\/\/alborsaanews.com\/2021\/11\/21\/1483299\">receiving offers<\/a> from companies for licenses to manufacture steel products.<\/p>\n<p>15 February (Tuesday): Orange Ventures\u2019 <a href=\"https:\/\/vc4a.com\/orange-ventures\/egypt-seed-fintech-challenge\/\">deadline<\/a> to receive applications from seed-stage fintech startups.<\/p>\n<p>19 February (Saturday): Public universities begin the second term of the 2021-2022 academic year.<\/p>\n<p>19-21 February (Saturday-Monday): <a href=\"https:\/\/www.facebook.com\/NebuGoldExpo\">Nebu Expo for Gold and Jewelry 2022<\/a>.<\/p>\n<p>21 February (Monday): <a href=\"https:\/\/ent.news\/2022\/1\/Speed-Medical-disclosure-17-01-2022.pdf\">Hearing at Cairo Economic Court (pdf)<\/a> on <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/107f1754-dca0-4654-92e9-fd680c3c9d71\">FRA lawsuits<\/a> filed against Speed Medical.<\/p>\n<p>22 February (Tuesday): The Egyptian National Railway is holding a forum to gauge public interest in its plans to delegate the management and operations of freight transport to the private sector.<\/p>\n<p>22-24 February (Tuesday-Thursday): <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/332874495549644\">Investment Forum<\/a>, General Authority For Investments (GAFI) Main Office, Nasr City.<\/p>\n<p>26 February (Saturday): Speed Medical will elect a new board during <a href=\"https:\/\/ent.news\/2022\/1\/Speed-Medical-statement_190122.pdf\">ordinary general assembly (pdf)<\/a>.<\/p>\n<p>27 February (Sunday): British-Egyptian Business Association (BEBA) green finance event with Finance Minister Mohamed Maait, Semiramis Intercontinental, Cairo<\/p>\n<p>28 February- 1 March (Monday-Tuesday): <a href=\"https:\/\/futuredc.org\/\">The Future of Data Centers Summit<\/a>.<\/p>\n<p>End of February: Lebanon to receive gas from Egypt via a pipeline crossing Jordan and Syria.<\/p>\n<p>March: <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/304519788385115\">Rollout<\/a> of the government financial management information system (GFMIS), a suite of electronic tools to automate the government\u2019s financial management processes (<a href=\"https:\/\/ent.news\/2021\/7\/tnm1007.pdf\">pdf<\/a>) that will replace the existing \u201cclosed\u201d financial management system.<\/p>\n<p>March: 4Q2021 earnings season.<\/p>\n<p>March: Deadline for the World Health Organization\u2019s <a href=\"https:\/\/www.who.int\/news\/item\/01-12-2021-world-health-assembly-agrees-to-launch-process-to-develop-historic-global-accord-on-pandemic-prevention-preparedness-and-response\">intergovernmental negotiating body<\/a> to meet to discuss binding treaty on future pandemic cooperation.<\/p>\n<p>March: World Cup playoffs.<\/p>\n<p>March: The government hopes to sign a final contract between El Nasr Automotive and a new partner for the local production of electric cars.<\/p>\n<p>March: Target date for Saudi tech firm Brmaja to IPO on the EGX.<\/p>\n<p>March: Egypt to <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/318887153615045\">host World<\/a><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/318887153615045\">Tourism Organization Middle East committee meeting<\/a>.<\/p>\n<p>March: The Salam &ndash; new administrative capital &ndash; 10th of Ramadan Light Rail Train (LRT) line <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/327078179462609\">will start operating<\/a>.<\/p>\n<p>9-18 March (Wednesday-Friday): The 55th edition of the <a href=\"https:\/\/www.facebook.com\/mift.media\/posts\/291436426360972\">Cairo International Fair<\/a>.<\/p>\n<p>15-16 March (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>24 March (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>24 March (Thursday): Egypt will host Senegal in the first leg of their 2022 FIFA World Cup qualifiers&#39; playoff.<\/p>\n<p>26 March (Saturday): Egypt-EU World Trade Organization dispute settlement consultations end.<\/p>\n<p>28-29 March (Monday-Tuesday): The Egypt International Mining Show (<a href=\"https:\/\/egypt-mining.com\/\">EIMS 2022<\/a>) will take place virtually.<\/p>\n<p>29 March (Tuesday): The second leg of the 2022 FIFA World Cup qualifiers&#39; playoff between Egypt and Senegal.<\/p>\n<p>31 March (Thursday): Deadline for submitting tax returns for individual taxpayers.<\/p>\n<p>31 March (Thursday): Vodacom purchase of Vodafone Group\u2019s stake in Vodafone Egypt expected to be completed by this date.<\/p>\n<p>31 March (Thursday): Supply Ministry expected to take final decision on bread subsidies by this date.<\/p>\n<p>April: Fuel pricing committee meets to decide quarterly fuel prices.<\/p>\n<p>2 April (Saturday): First day of Ramadan (TBC).<\/p>\n<p>3 April (Sunday): Bidding begins on the Industrial Development Authority\u2019s license to manufacture tobacco products.<\/p>\n<p>4 April (Monday): CDC Group will formally change its name to British International Investment.<\/p>\n<p>14 April (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>22-24 April (Friday-Sunday): <a href=\"http:\/\/sdg.iisd.org\/events\/2022-spring-meetings-of-the-world-bank-group-and-the-international-monetary-fund\/\">World Bank-IMF spring meeting<\/a>, Washington D.C.<\/p>\n<p>24 April (Sunday): Coptic Easter Sunday (holiday for Coptic Christians).<\/p>\n<p>25 April (Monday): Sham El Nessim.<\/p>\n<p>25 April (Monday): Sinai Liberation Day.<\/p>\n<p>28 April (Thursday): National Holiday in observance of Sham El Nessim.<\/p>\n<p>30 April (Saturday): Deadline for submitting corporate tax returns for companies whose financial year ends 31 December.<\/p>\n<p>Late April - 15 May: 1Q2022 earnings season<\/p>\n<p>May: Investment in Logistics Conference, Cairo, Egypt.<\/p>\n<p>1 May (Sunday): Labor Day.<\/p>\n<p>3-4 May (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>4 May (Wednesday): 3 February (Thursday): Deadline to send in applications for Cultural Property Agreement Implementation projects to the <a href=\"https:\/\/eg.usembassy.gov\/wp-content\/uploads\/sites\/156\/CPAIG-2022-Announcment-RDL-edits.pdf\">US Embassy in Cairo<\/a>.<\/p>\n<p>5 May (Thursday): National Holiday in observance of Labor Day.<\/p>\n<p>2 May (Monday): Eid El Fitr (TBC).<\/p>\n<p>19 May (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>9 June (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>14-15 June (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>15-18 June (Wednesday-Saturday): <a href=\"https:\/\/forumspb.com\/en\/\">St. Petersburg International Economic Forum<\/a> (SPIEF), St. Petersburg.<\/p>\n<p>16 June (Thursday): End of 2021-2022 academic year for public schools.<\/p>\n<p>23 June (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>27 June-3 July (Monday-Sunday): World University Squash Championships, New Giza.<\/p>\n<p>30 June (Thursday): June 30 Revolution Day, national holiday.<\/p>\n<p>End of 2Q2022: The Financial Regulatory Authority\u2019s new Ins. Act should be approved.<\/p>\n<p>End of 1H2022: Emirati industrial company M Glory Holding and the Military Production Ministry will begin the mass production of dual fuel pickup trucks that can run on natural gas.<\/p>\n<p>2H2022: The inauguration of the Grand Egyptian Museum.<\/p>\n<p>2H2022: <a href=\"https:\/\/www.ief.org\/news\/egypt-to-host-8th-ief-igu-ministerial-gas-forum-in-2022\">IEF-IGU Ministerial Gas Forum<\/a>, Egypt. Date + location TBA.<\/p>\n<p>2H2022: The government will have vaccinated 70% of the population.<\/p>\n<p>July: A law governing ins. for seasonal contractors will come into effect.<\/p>\n<p>July: Fuel pricing committee meets to decide quarterly fuel prices.<\/p>\n<p>1 July (Friday): FY 2022-2023 begins.<\/p>\n<p>8 July (Friday): Arafat Day.<\/p>\n<p>9-13 July (Saturday-Wednesday): Eid Al Adha, national holiday.<\/p>\n<p>21 July (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>26-27 July (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>30 July (Saturday): Islamic New Year.<\/p>\n<p>Late July - 14 August: 2Q2022 earnings season.<\/p>\n<p>18 August (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>September: Egypt will display its first naval exhibition with the title <a href=\"https:\/\/bit.ly\/3lshDZX\">Naval Power<\/a>.<\/p>\n<p>8 September (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>20-21 September (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>22 September (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>October: World Bank and IMF annual meetings in Washington, DC<\/p>\n<p>October: Fuel pricing committee meets to decide quarterly fuel prices.<\/p>\n<p>6 October (Thursday): Armed Forces Day, national holiday.<\/p>\n<p>8 October (Saturday): Prophet Muhammad\u2019s birthday, national holiday.<\/p>\n<p>18-20 October(Tuesday-Thursday): Mediterranean Offshore Conference, Alexandria, Egypt.<\/p>\n<p>27 October (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>Late October - 14 November: 3Q2022 earnings season.<\/p>\n<p>November: Cairo Water Week 2022.<\/p>\n<p>1-2 November (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>3 November (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>7-18 November (Monday-Friday): Egypt will host <a href=\"https:\/\/sdg.iisd.org\/events\/2021-un-climate-change-conference-unfccc-cop-27\/\">COP27<\/a> in Sharm El Sheikh.<\/p>\n<p>21 November-18 December (Monday-Sunday): 2022 Fifa World Cup, Qatar.<\/p>\n<p>13-14 December (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>15 December (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>22 December (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>End of 2022: e-Aswaaq\u2019s tourism platform will complete the roll out of its ticketing and online booking portal across Egypt.<\/p>\n<p>January 2023: EGX-listed companies and non-bank lenders will submit ESG reports for the first time.<\/p>\n<p>January: Fuel pricing committee meets to decide quarterly fuel prices.<\/p>\n<p><strong>**Note to readers:<\/strong> Some national holidays may appear twice above. Since 2020, Egypt has observed most mid-week holidays on Thursdays regardless of the day on which they fall and may also move those days to Sundays. We distinguish above between the actual holiday and its observance.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":543539,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-543538","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"71c55198-be0a-47b9-8bb5-3169f441fbeb","teaser":"","photo_url":"https:\/\/ent.news\/2022\/2\/74.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt Post\u2019s investment arm acquires 20% of state sports management firm Estadat - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/egypt-posts-investment-arm-acquires-20-of-state-sports-management-firm-estadat\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt Post\u2019s investment arm acquires 20% of state sports management firm Estadat\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/egypt-posts-investment-arm-acquires-20-of-state-sports-management-firm-estadat\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T20:19:10+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/74.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/egypt-posts-investment-arm-acquires-20-of-state-sports-management-firm-estadat\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/egypt-posts-investment-arm-acquires-20-of-state-sports-management-firm-estadat\/\",\"name\":\"Egypt Post\u2019s investment arm acquires 20% of state sports management firm Estadat - 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